All posts tagged KB Financial
Hana Financial named preferred bidder for suspended savings banks
Yonhap News Agency has reported that the Korea Deposit Insurance Corp. has selected Hana Financial Group Inc. as the prime bidder for the package sale of two local savings banks, Jeil 2 Savings Bank and Ace Mutual Savings Bank, which …
Kookmin Bank sells KB stake to meet regulations
According to Reuters, on July 8, South Korea's top mortgage lender Kookmin Bank sold a 9 percent stake worth $1.7 billion at 51,800 won apiece in its parent
KDIC receives bids for savings banks packages
The JoongAng Daily has reported that on June 24, the Korea Deposit Insurance Corp. (KDIC) received five bids for the acquisition of the savings bank package containing Jungang
FSC ousts KDB from Woori sale
Several local news media outlets have published headlines stating that the FSC has publically announced that KDB will not be allowed to bid for the 56.97 percent share
Regulators act to ease restrictions for Woori Finance sale
According to Yonhap News, financial regulators announced on May 30 that they are trying to get regulatory revision to allow financial holding companies to buy a controlling stake
Holding firms intend to acquire suspended savings banks
Local news media JoongAng Daily reported that several financial holding companies are officially pursuing the seven suspended savings banks. KB Financial Group and Shinhan Financial Group have publicly announced
M&A between Woori and KB grows imminent
The Korean government plans to publish a schedule for the privatization of Woori Finance next month. Since Hana Group acquired KEB, an M&A between Woori and KB Finance
M&A between Woori and KB grows imminent
The Korean government plans to publish a schedule for the privatization of Woori Finance next month. Since Hana Group acquired KEB, an M&A between Woori and KB Finance
KB Financial to buy savings banks
Local media MK Business News has reported that representatives of KB Financial Group have announced their intent to bolster their savings bank operations. This is yet another indication that
Woori looks to buy more savings banks, wants to move towards Micro-lending
Local news media JoongAng reports that Daily Woori Financial Group stated on March 28 that it plans to acquire one to two more savings banks in order to
